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The earliest models of the solar system employed what Aristotle, and Plato before him, had taught was the perfect form: the circle. The simplest possible arrangement-uniform motion around a circle having Earth as its center-provided a fairly good approximation to the orbits of the Sun and the Moon. But it could not account for the observed variations in planetary brightness or their retrograde motion. Thus, a more complex model was needed to describe the motion of the planets. Eric Chaison and Steve McMillan, Astronomy Today, 3rd ed.
Operating Activities
Activities that are directly related to the day-to-day operations of a business, including revenue generation and expense incurrence.
Indirect Method
A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate operating cash flow.
Net Income
A company's overall income after deducting all expenses and taxation from gross revenue.
Accumulated Depreciation
The total depreciation amount that has been charged to expense a fixed asset over its useful life to reflect wear and tear, aging, or obsolescence.
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